Auburn Securities 5 Plc

As Agent Bank, please be advised of the following rate determined on:
01-Aug-2006

Issue               : Auburn Securities 5 Plc - Class A1 
                      GBP 130,500,000.00 Mortgage Backed FRN Due 1 Dec 2041
ISIN Number         : XS0228779509
Common Code/        : 22877950
144A ISIN
Issue Nomin     GBP : 130,500,000.00
Period              : 01-Aug-2006 to 01-Sep-2006       Payment Date 01-Sep-2006
Number of Days      : 31
Rate                : 4.79188                     Pool Factor:    0.638915
Denomination GBP    : 31,945.76                                       

Amount Payable 
per Denomination    : 130.01                                

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 (0) 1202 32 8226
Institutional Trust Services  Facsimille          44 (0) 1202 34 7939

Auburn 5 'a1' (LSE:49AH)
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